The forex market is a near-seamless 24-hour market. Subject to available liquidity, Forexgen offers trading from Sunday, starting after 5:15 PM EST, until Friday, 4PM, EST (Forexgen Client Service is available 24/7). With the ability to trade around the clock, currency traders have the advantage of customizing their own trading schedule; they can usually get in or out of the market at any time without waiting for an opening bell or encountering a market gap. While trading stocks after usual market hours is possible, very often that possibility is negated by a lack of order flow or a drastic widening of the bid-ask spread.

Pay No Commissions

In the forex market costs are confined to the bid-ask spread. Forexgen charges no commission or additional transaction fees, and its customer's trade on spreads provided to forexgen by some of the world’s largest banks via the FX Trading Station. In the stock market, “no-fee” programs are frequently offered only with provisos mandating minimum account balances or minimum trades per month.

No Uptick Rule

Unlike the equity market, there is no restriction on short selling in the forex currency market, no matter which way the market is moving. Since currency trading involves buying one currency and selling another, a trader has the same ability to trade in a rising market as in a falling one.

Client Services

Customer Support    

We provide a full time assistance service to support our customer in dealing easily with ForexGen trader software. Even if you face any problem during downloading or setting up the software, we will help you overcoming it.
We provide the trader with full scale demonstrations and troubleshooting for technical problems

Calling the dealing room is restricted to placing orders, no support or help desk issues are permitted to be placed through the dealing room numbers. These numbers are extremely busy and only attended by dealers who will not handle any other kind of issues.

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Live On-line Support
we are available during trading hours on the Internet via Live Person Chat. Click here to initiate a conversation

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Trading volume, $350 billion worth of transactions monthly, may be the largest single source of retail currency trades in the world. As a result, we have obtained close banking relationships with seven of the world's largest and most aggressive price providers. Having multiple price providers is especially important in volatile markets, when one or two banks may post wide spreads, or simply avoid quoting any price at all. With so many major banks quoting prices to Forexgen, there are competitive spreads, even during market-moving news events.

Forexgen does not take a market position—eliminating a major conflict of interest. A dealing desk broker, which acts as a market maker, may be trading against your position. With our No Dealing Desk execution, however, we fill your orders from the best prices available to us from the banks. While an individual bank may try to skew its prices off the market, the unattractive price on the bid or ask side will lose the price competition and as a result, not factor into the prices streamed to you. At Forexgen, prices are not subject to manipulation by a broker or a bank’s dealing desk.

While our competitors are beginning to follow our example of offering No Dealing Desk execution, we have successfully implemented it. Excellent bid and ask prices are not meaningful unless you have a reliable trading platform to execute trades. Our trading platform is tested in all market conditions, routinely handling over 100,000 trades per day.

Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private, and sometimes subject to fraud, deception and insider trading. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.

The knowledge you've gained in analyzing stocks is easily transferable to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well too many of the common technical indicators, such as MACD, RSI, and Candlestick charting.

Expert Advisors are used to automate the trading process and relieve traders from constantly performing the day to day trading activities. Many experienced traders apply multiple automated trading strategies and make them operate in different market situations and with a variety of conditions.   

ForexGen traders will have the opportunity to write and test their trading strategies in the well-known, easy to use, popular and used strong analytical development package, which is MetaQuotes Language 4 (MQL 4) developed by http://www.metaquotes.net/.

With ForexGen client expert advisor tool there will always be a way, by which experienced traders can link the signals generated by the trading systems with their trading accounts, and link them in such a way to be able to track and manage their opened positions, placed orders and stops at any given moment.

It is a mechanical trading system (MTS) written in specialized language which is MetaQuotes Language 4 (MQL 4) and linked to a trading chart. An Expert Advisor has the capability to notify traders of the trading, chances and also to automatically execute positions in their trading account, sending them directly to the trading server. Like all experts systems, Expert Advisors supports the testing of strategies with historical data, with the trade entry/exit points being represented on the charts. Furthermore, the executable code of the Expert Advisor is stored separately from its source text

Dashboard for all is an assisting tool that includes 27 currency pairs; it allows traders to see the CIF values for the selected currencies on one chart. It represents the buy/sell signal by a percentage of different strengths (short, long, and middle). The dashboard for all calculations for each currency pair depends on, volumes and correlations between strategies including a function that weights the indicators’ signal depending on strategies based on trend, oscillators, bill Williams, volumes and custom indicator; it gets the average signal among all the strategies over a specific time frame. Dash board for all indicators includes a history mode parameter which allows the trader to get the dash board indication for a historical point for many currencies at any time frame.

Indicator features:                                                     

- Showing more than one currency pair on the same chart sorted by spread ascending.

- Showing currency pairs having the same spread with the same color.

- Showing average, short, middle and long term CIF values beside CIF values for all pairs.

- The ability to select the needed currency pairs to be shown.

- The ability to select directly all currency pairs to be shown.

- ForexGen support the following symbols.

- The ability to store current CIF values in a text file for the selected currency pairs.

- The ability to store history CIF values in a text file for the selected currency pairs.

- The ability to show or hide all currency pairs (hide them while storing in file).

- The ability to use currency pairs correlation and weights functions.

The following screen is to select the desired pairs to represent their CIF values on the current chart.

Technical analysts in the Forex market found that by observing the candlesticks patterns, there are recurring patterns on the candlestick charts. Such patterns are like recurring pictures on the candlestick charts and they tend to occur when a trend is about to end or reverse its direction. The patterns are a very good visual representation of the price movements and it give traders a good view of what is likely to happen next in the market.

Why are candlesticks patterns important? The answer for this question is quite simple because candlesticks represent true status of what is going on in the market at the current moment. If a candlestick range is tight, this means that the market range for the trading day was very tight. If this narrow candle range appears after a strong up-trend, it may be a strong indication that the market there is a bearish power have now entered the market more aggressively, and it's strongly suggesting that the price may fall down.

Finally, candlesticks patterns can be easily used to determine potential reversals of the current trends in the market - most likely when used at the same time with other technical indicators. By constantly observing the candlestick patterns, traders can

In today’s financial and business world, the hedging concept can be considered as one of the most important issues traders’ faces every day. Some people think that applying hedging concepts is something confidential or highly classified; in fact almost all Forex traders in Forex trading market apply the hedging concept. To make this term more understandable we can say that hedging concept can be described as applying insurance in our trading activities In Forex markets, hedging concept is almost the same as getting insurance, the only clear difference is that hedging does not cover for accident; instead, hedging covers for the amount of losses traders might face in Forex trading. Moreover, hedging is commonly applied in the business and financial world where most of traders hedge their transactions in order to protect themselves from losing their gain.

Multi Pair Chart Indicator

The multi pair chart indicator allows putting multiple currency pairs on a host currency chart and draw the difference between the these currencies (the added pairs and the host pair)

The multi pair chart is an indicator which represents more than one pair symbol, it creates further correlations between the pairs through hedging. It simulates the expected relations between more than one symbol to be more useful and to facilitate the trading process.

The pivot calculator is defined as a technical indicator that is produced by calculating the numerical average of a particular currency pairs high, low and closing prices.

To calculate pivot points, the pivot point itself will be considered as the primary support/resistance level. Meaning that the largest price movement will occur at this level. The other support ad resistance levels have less important, but still can generate significant price movements.

Pivot points can be used in two ways. The first way is to determine the expected overall market trend. If the pivot point level broke in an upward price movement, then the next large move in the market is expected to be bullish move, and if the pivot point level broke in a downward price movement, then the next large move in the market is expected to be bearish move.

The pivot points are considered as short-term trend indicators, and can be useful for only short term trading “e.g. one day” until its recalculated. The second way is to use pivot price levels to determine when is the best time to enter and exit trades in the market.

Pivot points enable traders to take a look at price levels which are likely to cause an expected price movement. The major success of a pivot points mainly depends on how traders will follow them, and on their ability to use the pivot points together with other means of technical analysis.

will enable the traders to apply more than one strategy for one or multi pairs and simulate these strategies in history to see the results of these strategies and try to tune its parameters to achieve its maximum profit and minimum loss.

The system offers reporting facilities to the traders to save the results of each applied strategy and their total profit/loss.

The strategy tester uses the following two components to carry out its process.

Validator

-  Validates the prior used strategy to be applied on the historical data.

-  Integrate with the optimizer to filtrate the pair’s loops generated by the optimizer.

-  Accept ranges from different parameters to enable selecting the ideal setup to produce the maximum expected profit.

Verifier

- Scoring and ranking the time results from using the strategy.

- Providing the trader with feedbacks on different strategies performance.

Besides increasing the strength of your losses, leverage also has another way of killing you.  It’s a much slower kind of death, though, kind of like being continually occurring open to view to high levels of radiation. Most traders don’t see it coming till they are dead.

This killer I’m talking about is the combined transfer cost of using high leverage

Not only has the leverage increased the strength of your losses, it also increasing the strength of your transaction costs as a percentage of your account.
If you are losing in trades , your balance will shrinks and as your balance shrinks, your leverage increases. As your leverage increases, your transaction costs will eats away faster at the little money you have left. It’s a silence slow death we are talking about here.

The more your leverage, the more your transaction cost as a percentage of your balance.

If you have a mini account, and open a trade with a 5 pip spread, which equals $5 transaction cost, look at how the relative value of your transaction costs increases with more leverage.

Cost as % MR Leverage Margin Required (MR)

Now that you’ve learned how leverage can enlarge your profits and losses, and also your transaction costs.
Leverage doesn’t equal margin. How many times you can lever your account is the Leverage. How maximum you are allowed to lever is totally depending on your margin requirement

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Leverage is the use of various financial instruments or borrowed funds, such as margin, to increase the potential return of an investment. Leverage is a double edge sword and can be considered dangerous weapon because traders add bigger position sizes without actually owning the funds to cover potential losses. But it also can be a very powerful tool if it has been utilized to increase the investments power as long as traders have efficient money and risk management plans associated with it.

For Example: in order to trade 100,000 units of EUR/USD. Traditionally, traders need to have 100,000 US dollars physical owned money or we say 1:1 leverage. But with 100:1 leverage, traders are only required to deposit 1/100 of the nodded amount which is equivalent to 1,000 US dollars.

If you are a kind of trader considering and seeking to have relatively high leverage, you should be familiar with the following:

1. The rules and boundaries of this kind of trading activities and how you will handle it.
2. Fully understand all what is leverage (in) Forex and how it works, both for you and for counter parties.

The use of Leverage can be highly profitable but it can be your worst nightmare and enemy if it has not been utilized in an efficient way. Let us go through a practical example in order to illustrate how leverage can work for and against traders.

Having a 200-1 leverage account means that every $1000 you are willing to invest can control a $200,000 position. Standard lot actual value in the market equals $100,000, so by investing $2000 in the market with your broker you are getting 2 standard lots. let us say that you will have 500:1 leverage, this will mean that you will have more investments power and this will be great for you if the market went in your direction and your plans has been fulfilled but       it also means that even a small move against your opened order can leave you without any funds and clear all your investments.

So to conclude this matter; the high degree of leverage that is often obtainable in trading activities can work against traders as well as their favors. The use of leverage can lead to large losses as well as gains.

forexgen provides more info about the leverage, for more info..

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Most beginners place too low value on the potentially disorder damage leverage can cause the infliction on their accounts. It is curtail to Understand leverage enough to know when to use it and when NOT for you success.

A very powerful tool Leverage is but both old and new traders use it to ruin their trading capital simply because they take its destructive force with indifference or carelessness or ignore it altogether. But the more of them the easier for us smart traders to make money. Sad but true.

High leverage is a great selling point for most of the forex brokers. Yes they are pitching that you can make a huge killing using huge leverage, but be sure  you could easily be killed by huge leverage as well.

Brokers want you to trade with a short-term mental attitude.  It’s the only way they make money. Some few pips are important to them. The more you trade the more they make from spreads. It’s not in their best interest to tell you to let your trades run longer than the same day.

If you want to give yourself the chance to succeed, first of all learn how to trade profitably without leverage. Trade it safe and protect your capital.

When you can make more pips more than you lose steady continuity, then, and only then, you should let loose this weapon of destruction called leverage. Destroy broker (or traders) taking the opposite side of your trade. Don’t destroy yourself.

Forex investments should be treated as a business. Don’t think that its just because brokers let you use high leverage with a low minimum deposit that you can “make a quick <type the amount of money here>” or “get rich quickly”. Get close to the currency markets with respect.

Be concern for facts in your expectations and be willing to educate yourself very good. If you didn’t, you will die. Not really, but your account will.